1,395M² INVESTMENT FOR SALE IN KEW FOR SALE ON AUCTION

On Auction 01 July | Residential Investment Block with GAI ± R1.2 Million | 16 Apartments
On Auction 01 July | Residential Investment Block with GAI ± R1.2 Million | 16 Apartments in Secure Enclave

Faldouet Apartments is a low-maintenance face-brick multi-unit residential investment comprising 16 apartments with a total Gross Lettable Area (GLA) of approximately 1,395m², situated on an erf measuring approximately 2,974m² within a secure, access-controlled street in the well-established suburb of Kew, Johannesburg.

The property offers a diversified unit mix comprising 4 three-bedroom apartments, 10 two-bedroom apartments and 2 bachelor units, together with dedicated caretaker and security facilities. Ground floor units open directly onto communal gardens, enhancing tenant appeal and overall liveability.

The property is currently substantially tenanted on predominantly one-year lease agreements, generating a combined rental income of approximately R100,000 per month, together with water, electricity and security recoveries paid by tenants, equating to a Gross Annual Income (GAI) of approximately R1.2 million.

Additional improvements include a security office, caretaker accommodation, a dedicated laundry drying area, refuse bay and 32 open parking bays servicing the development.

Strategically positioned in close proximity to major transport routes, commercial nodes and public amenities, this asset presents an attractive opportunity for investors seeking a secure, income-producing residential block with long-term upside potential.

Property Highlights:

• 16 Residential apartments
• GLA: ±1,395m²
• Erf size: ±2,974m²
• Zoned: Residential 3
• GAI: ±R1.2 million
• Monthly rental: ±R100,000 plus recoveries
• 32 Open parking bays
• Secure access-controlled street
• Caretaker accommodation and security office
• Ground floor garden-facing units
• Auction Date: 01 July 2026

Unit Mix:
• 4 x Three-bedroom apartments
• 10 x Two-bedroom apartments
• 2 x Bachelor apartments

Vacant Units:
• Unit 11 (Bachelor)
• Unit 15 (Two-bedroom)

Contact the broker for a detailed investor pack.